HomeMy WebLinkAbout06139ORDINANCE NO. 6139
AN ORDINANCE ADOPTING THE 1997 BUDGET FOR THE
"SALES AND USE TAX CAPITAL IMPROVEMENT FUND"
WITH AMENDMENTS THEREFORE TO BE USED SOLELY
FOR CAPITAL IMPROVEMENT PURPOSES AT PUEBLO
MEMORIAL AIRPORT
WHEREAS, the City of Pueblo, Colorado has enacted Ordinance No.
5314, providing for a one -half cent sales tax rate increase for a five
year period, pledging the revenue therefrom for capital improvement
purposes at Memorial Airport; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
SECTION 1
The following budget for the year 1997 is hereby adopted and the
following appropriation for expenditures of anticipated revenues is hereby
made:
(a) Anticipated Revenues:
Loan Payments $ 500,000
Prior Year Reserves 30,000
Interest Earnings 300,000
Total Revenue $ 830,000
(b) Expenditures:
Professional Services $ 30,000
Captial Projects RM 50,000
36 Matching Funds 50,000
Projects to be Determined 700,000
Total $ 830,000
SECTION 2
All projects not specifically budgeted for by this ordinance
shall be funded out of "Projects to be determined" account by resolution
approved by City Council for such projects.
INTRODUCED November 11 , 1996
BY
APPROVED:
Councilman
resident of Council
ATTEST:
C A.---.g:s L
City Clerk